Welspun subsidiary wins ₹73 bn Pune Shirur highway contract
after close1 source ↓written by the desknot a recommendation
- contract
- ₹73 billion
- sub-concession period
- 29-year
- shares traded
- ₹614.85
- marginal decline
- 0.18%
- Contract duration
- 29 years
A subsidiary of Welspun has secured a ₹73 billion contract for the Pune Shirur highway project, which spans a 29-year sub-concession period. The project includes a four-year construction phase and aims to enhance connectivity in the Pune region. As of 09:32 am, shares traded at ₹614.85, reflecting a marginal decline of 0.18%.
Key Points:
• Contract duration: 29 years
• Construction period: 4 years
• Stock performance: 40% rise over the last three months
Immediate market implications may include increased investor interest in infrastructure projects.
Not investment advice. For informational purposes only.